NorthAmOil - North America Oil & Gas

Devon to merge with WPX in $2.6bn all-stock deal

Shale producer Devon Energy has struck a deal to merge with rival WPX Energy in an all-stock transaction worth $2.56bn.

Russian LNG potentially poised to take market share in Europe

US efforts to sell more LNG to Europe stand to be undermined by expanding production of the super-chilled fuel in Russia, which could be cheaper for European countries to import.

NRG: The blue-green future

Energy consumers and producers are evaluating how the arrival of hydrogen as a mainstream source of fuel will affect their environmental, political and financial goals.

BP shares tumble to 25-year low as investors doubt clean energy strategy

FTS files for bankruptcy protection

Hydraulic fracturing company FTS International, along with two affiliated units, has filed for Chapter 11 bankruptcy protection.

Cameron LNG begins restart operations as US LNG exports rebound

Sempra Energy, the operator of the Cameron LNG export terminal in Louisiana, said on September 18 that it had begun restart operations at the facility.

Alberta empties emissions reduction fund with new investments

The government of Alberta said this week that it was emptying its Technology Innovation and Emissions Reduction (TIER) fund by spending CAD750mn ($560mn) on projects that help industries reduce their carbon emissions.

Cryopeak, Sumitomo sign MoU on LNG bunkering

Canada-based Cryopeak LNG Solutions has signed a memorandum of understanding with Japan’s Sumitomo on the development of an LNG bunker fuel supply chain in the Pacific Northwest.

Massachusetts senators call for shutdown of Weymouth compressor station

The US Senators for Massachusetts called this week for Enbridge to halt operations at its Weymouth compressor station after it experienced an equipment failure earlier this month that resulted in a release of natural gas.

Canada’s Crystallex asks US court to set date for PDVH stock sale

Crystallex, a Canadian mining firm, has asked a judge in the US federal court system to set a date for the sale of shares in Citgo's parent company PdV Holding (PDVH), a US-based affiliate of Venezuela’s national oil company (NOC) PdVSA.